Knowledge Base

After the demonetization, Government has earned an important lesson. Keeping the rhetoric aside, it's enlightened to the wisdom of colours...

Although in some cases, quoting of PAN for certain type of transaction is must, for most of the transactions quoting...

Normally, an assessee pays tax based on computation of his expected tax liability. And very often his tax liability is...

With 1st July nearing, everyone is preparing for new pan India Indirect tax – Goods and Service Tax (GST). Suddenly,...

This Week has been full of news related to GST. Though believed to be a tough task, it is anticipated...

With Aadhaar being mandatory for filing ITR, there are several consequences for not linking the same. Below is in detail...

With deadline for applicability of Goods and Service Tax (GST) coming near, there's still confusion as to number of return...

Straight Line Method (SLM) and Written Down Value (WDV) methods are the most used methods for calculating depreciation. Although Companies...

Section 194D deals with Tax Deduction on payment of insurance commission. This section casts responsibility on any person responsible for...

Provisions related to Tax Deduction at Source (TDS) that are applicable on payments to contractors and sub-contractors are in Section...